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We know that farming and ranching isn’t just a job – it’s a way of life. It’s about stewardship, hard work, and a deep connection to the land and our communities. As we navigate the challenges and joys of our profession, it’s also important to consider how we can give back to those in need.
Did you know you have access to a unique and powerful option to donate a portion of your crop or other commodity? Gifts of Grain offer the opportunity to support the ministries and causes that are closest to your heart and also benefit from tax advantages and a streamlined process.
Simply deliver the grain to your local elevator or co-op, tell them you would like to transfer ownership to the Catholic Community Foundation for Eastern South Dakota, and provide the Crop Commodity Transfer Form. The Catholic Community Foundation will work directly with the elevator to arrange an immediate sale and then distribute the proceeds to the ministries you designate.
By gifting grain directly to CCFESD, you avoid the reportable sale of the grain in your farm income. Although a charitable tax deduction is generally not available, the significant benefit is the avoidance of declaring it as income. You still deduct the cost of growing the crop, which typically results in tax savings and benefits. It is always important, though, to consult with your tax advisor before making any decisions.
Join us in showing the power of agriculture and giving back. The Catholic Community Foundation is happy to assist farmers and ranchers who wish to share the harvest. Our team will guide you through the steps, answer your questions, and ensure your donation is designated to the ministries and charities that matter most to you. Contact Heather Fortin at 605-988-3777 to get started.
